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Acme Corporation has a 6 percent coupon, $1,000 par bond that has 8 years to maturity. Interest payments are made annually. What price would investors

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Acme Corporation has a 6 percent coupon, $1,000 par bond that has 8 years to maturity. Interest payments are made annually. What price would investors pay if they require a 9 percent return from this debt investment? $1,107.47 $1,000.00 $1.287.03 $833.95 5759.68 Question 8

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